President and CEO, Hilco Merchant Resources, LLC
|Considered by many, including his peers, to be the standard bearer for knowledge, experience and ethics in retail inventory disposition, Mike Keefe led Hilco Merchant Resources from a start-up enterprise in 2000 to today’s world largest and most active provider of inventory monetization solutions.
Over the years, Mike and his team have managed thousands of store and distribution center closings, and store merchandising transformations. Clients include Montgomery Ward, Sears, Walgreens, Radio Shack, Dick’s Sporting Goods, Borders Book Stores, Disney, Albertson’s, Saks Fifth Avenue and Canada’s Hudson’s Bay Company.
In 2000, Mike joined Hilco Global as founder and CEO of Hilco Merchant Resources. Prior to joining, Mike was a senior executive with Gordon Brothers Group. In 2008, Mike was named Chief Operating Officer of Hilco Global, the holding company of Hilco Merchant Resources and other asset management businesses. Having spent his entire career in the asset disposition industry, Mike has been instrumental in developing, perfecting and executing many of today’s most innovative asset disposition best practices and tools.
A sought after thought leader on retail liquidations, Mike has spoken before numerous retailing association audiences, has authored articles on the liquidation process and has been interviewed by the press.
Executive Vice President
|A recognized expert in bankruptcy, corporate reorganization and restructurings, Cory specializes in structuring and implementing sophisticated asset redeployment strategies for retailers. In fact, during his tenure with Hilco Global, Cory has led initiatives involving tens of thousands of store locations and inventory valued in excess of $50 billion.
Over the years, Cory has been called upon by many high-profile retail organizations and their advisors to maximize the value of inventory, fixtures and equipment. Included among the notable brands are Montgomery Ward, Circuit City, Borders Book Stores, Forever 21, Toys “R” Us, Saks Fifth Avenue and Walgreens.
Prior to joining Hilco in 2000, Cory was a Partner in bankruptcy/commercial law at Jones, Day, Reavis & Pogue, one of the nation’s largest law firms. While at Jones Day, he participated in such major retail Chapter 11 cases as Federated Department Stores/ Allied Stores Corporation, Herman’s Sporting Goods, Warehouse Club and Gantos. Cory has served as Chairman of the Compensation Committee on the board of directors of Loehmann’s, and on the board of advisors for the University of Florida, Miller Retail Center.
Cory is a frequent speaker on legal, financial and bankruptcy issues. He is a graduate of the University of Wisconsin at Madison and earned his law degree from Northwestern University School of Law.
|Anton J. Caracciolo
Executive Vice President
|Anton has over 25 years of Senior Level Retail and Asset Management Expertise. Prior to joining Hilco, he was responsible for operations and client relations with a major asset management firm. He was formerly Vice President of Operations and Principal of Channel Home Centers and Vice President of Operations for Home Quarters Warehouse. Anton earned a B.S. from Seton Hall University.|
|Benjamin L. Nortman
Executive Vice President
|Ben is respected as an expert in structuring complex asset acquisition and disposition transactions. He serves three roles within Hilco: as Executive Vice President of Hilco Merchant Resources, a world leader in retail asset disposition and operational services; as Managing Director of Hilco Consumer Capital, a leading consumer products brand management firm; and as Executive Vice President of Hilco Trading, the holding company for the entire Hilco platform.
In his roles with Hilco Merchant Resources and Hilco Trading, Ben helps companies, their lenders and professional advisors structure transactions to maximize returns on inventory, machinery and equipment, real estate and accounts receivable. Since 1996, Ben has managed some of the largest asset disposition transactions in North America. Since 2006, he has also worked with Hilco Consumer Capital to acquire and develop licensing strategies for numerous iconic brand names, including Sharper Image, Tommy Armour Golf, Bombay Company, Linens ‘N Things and Polaroid.
Prior to joining Hilco, Ben was a Chicago bankruptcy and creditors’ rights attorney at the prominent law firms, Jones, Day, Reavis & Pogue and Holleb & Coff.
|Jeffrey A. Paronto
Chief Operating Officer
|Jeff is a seasoned professional retailer with over thirty years experience at Kmart Corporation. His most recent assignments included the responsibilities of multi-store supervision as District Manager, Regional Manager and Director of Store Operations for Kmart's Southwestern Region. Jeff's operational expertise is being used to manage and control Hilco Merchant Resources' operations, providing clients with higher recoveries on their inventory and FF&E dispositions.|
Chief Financial Officer
|John has over twenty years of financial experience in the retail and liquidation industry. Prior to joining Hilco, he held various financial control positions, including Divisional Vice President of Financial Operations for Rich’s/Lazarus/Goldsmith’s, one of Federated Department Stores larger operating divisions. He is responsible for managing the financial infrastructure and reporting functions for Hilco Merchant Resources.|
Sr. Vice President, Marketing/Advertising
|Over a 20 year period, Len has held senior management positions in Marketing and Sales Promotion for Federated Department Stores, May Department Stores and Woodward & Lothrop/John Wanamaker. A cornerstone member of our team, Len excels at planning and executing marketing strategies that maximize impact and cost efficiencies for desired results.|
Managing Director of Hilco Fixed Asset Recovery
|Ed has a vast array of retail experience spanning over 25 years. In addition, Ed was a Lead Field Consultant with Hilco for over six years. Ed’s past operational and field experience is being used to extract maximum value from all fixed asset disposition projects by ensuring the execution of operational strategies in the field and quality control of all stores and field supervisors.|
| James Rategan
|James develops client and partner relationships for Hilco Merchant Resources and Hilco Real Estate, as well as other companies in the Hilco retail platform. He works with retailers and their advisors to provide capital and liquidity through asset-related advisory and monetization services in the context of mergers & acquisitions, restructurings, divestitures, and operational enhancements.
James is an active member of the International Council of Shopping Centers, Turnaround Management Association, Commercial Finance Association and American Bankruptcy Institute. Prior to joining Hilco, James worked for mTeam Financial, CIBC Oppenheimer, and the Asset Management Division of Goldman, Sachs & Co.
|Joseph A. Malfitano
Executive Vice President, Special Situations
|For more than a decade, Joe has been structuring complex asset acquisition and disposition transactions involving stressed, distressed and insolvent companies. Over the years, Joe has developed the expertise needed to quickly assess a situation, formulate a comprehensive set of strategic alternatives, and work to quickly implement the solution best positioned to maximize short- and long-term stakeholder value. At Hilco, Joe has been instrumental in closing over one hundred transactions representing an aggregate asset valuation in excess of $1 billion.
In his role as EVP, Special Situations, Joe is primarily responsible for sourcing and structuring distressed and non-distressed transactions that involve the investment of capital by Hilco. While the majority of transactions are underpinned by retail inventory, industrial machinery and equipment, accounts receivable or real estate, or combinations thereof, Joe is also active in sourcing and structuring opportunities that touch upon every asset class or that involve services offered by any of the Hilco business units.
Joe joined Hilco in 2007 as Deputy General Counsel. Prior thereto, Joe was a member of the Bankruptcy & Corporate Restructuring practice of Young Conaway Stargatt & Taylor, LLP, one of Delaware's most prominent bankruptcy and corporate restructuring law firms.
Joe is a member of the UJA-Federation of NY’s Lawyers Division (Next Generation Committee). Joe is a graduate of State University of New York, College at Buffalo and Temple University School of Law.